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animal get any action? >> what do you mean action? >> stephen: what? >> what do you mean action? >> stephen: groupies, man, we're all adults. action, muppet sex. (laughter) >> so you said it. >> stephen: you made me say it. >> i didn't ask you. >> stephen: i insinuated and you exsin waited. >> i might have drawn you out, but it was there. >> stephen: do muppets have sex? (laughter) >> what? (laughter) >> stephen: i'm wondering how you get new muppets, is all i'm asking. how do you get new muppets? >> i'm a big boy. >> stephen: we're all adults here. >> well, i don't actually -- i haven't performed there the muppets for many years and when i did i didn't make the characters. there was a tremendous amount of people who were very talented who were the workshop who made the characters. >> stephen: so that's where the action is. >> i can't tell you what actually happens there, whether there's action or not. >> stephen: it's a family show. >> but it was done in the workshop. >> stephen: okay, good. you were famous for directing "little shop of horrors." >> i am. >> stephen: it's a cul
with his call to have action now. >> since i've been president, this is the fourth time we have come together to comfort a grieving community torn apart by mass shootings. fourth time we have hugged survivors. the fourth time we have consoled the families of victims. we can't tolerate this anymore. these tragedies must end. and to end them, we must change. we will be told that the causes of such violence are complexed and that is true. no single law, no set of laws can eliminate evil from the world or present every senseless act of violence in our society. but that can't be an excuse for inaction. surely we can do better than this. >> that moment is what the "washington post" is calling president obama's enough is enough speech. joining me now, now by the way a consultant to mayors against illegal guns. thank you for joining us. >> thank you, tamron. >> our article is why we wanted you on as a guest here. you said the only thing i experienced similar to this moment was the oklahoma city bombing where another american killed scores of people and you referred to this and used the word
secretary john bryson >> bill: a lot of talk about gun control. will we see any action this time? good morning everybody. what do you say? good to see you today. it is tuesday december 18. this is the "full court press." we're coming to you live from washington, d.c. hope you're off to a good start wherever you happen to be in this great land of ours. obviously i'm not. and it is great to see you. invite you to join the conversation any time by giving us a call at 1-866-55-press. or sending us a little tweet message on twitter at bpshow. we're following you at bpshow. and on facebook. facebook.com/billpressshow here in our nation's capital. there is word that after president obama and speaker boehner met yesterday at the white house in the oval office for some 45 minutes there is word that they're getting closer to a deal. i was out for dinner last night when i got a quick text from the white house saying president obama had agreed to up the limit on the tax cut from $250,000 to $400,000 meaning that under that pla
that is why they should have voted against it. american majority action spokesman, i just saw your tweet. you're talking about, what was , $200 million for alaskan fisheries. you said, why alaska? >> i don't know. alaska is the only state in the union where you get a plate -- paid to live. they all have to pay taxes. they can afford fishery project. the bigger project is, why was this in the emergency bill for hurricanes in the? doesn't make any sense. 9 billion will be spent in 2013. 85 percent doesn't come until 2014 and beyond. that's not immediately. what this bill is fundamentally is a poor bill. what the senate uld have done is passed the clean $9 billion loan through -- through the states. here is your relief and pss that. instead to my they came back to washington to get their fix. the port that is in this bill, and it is ridiculous. tom: like you said, trying to cram all this in before the end of the year. is -- every pece of proponent writing about this has said this is critical. you do it before the end of the year because these victims are sitting there, and it's true. the victims
-era tax cuts for all income groups. in a joint statement, they said, "the house will take... action on whatever the senate can pass, but the senate first must act. " president obama returned early from hawaii today, still pushing to extend tax cuts for the middle class, but raise rates on the well-off. aides said he made phone calls last night to speaker boehner and house minority leader nancy pelosi, as well as senator reid and his opposite number, minority leader mitch mcconnell. but today, mcconnell gave no indication of movement. >> last night i told the president we'd be happy to look at whatever he proposes, but the truth is we're coming up against a hard deadline here, and as i said this is a conversation we should have had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: adding to the urgency, treasury secretary timothy geithner warned he'll have to begin taking "extraordinary measures" to postpone a government default. the government is on track to
to avoid the fiscal cliff. >> the hour for immediate action is here. it is now. and the american people are not going to have any patience for a politically, self-inflicted wound to our economy. >> reporter: there are signs of progress. mitch mcconnell and harry reid have agreed to spend the next 24 hours trying to come to a bipartisan agreement on a smaller fallback plan to keep at least some taxes from going up. after the meeting, house democrat leader nancy pelosi told us she's at least a little encouraged. >> it was constructive. as i say, candor is constructive, and i think it moved us forward, but we'll see. >> reporter: it was the first meeting with the president and all the congressional leaders in six weeks. it follows an impasse that has shaken wall street, the dow down more than 400 points since talks stalled last week. and on main street, business owners like drew greenblatt, who owns a wire basket manufacturing company in baltimore, say the coming fiscal cliff is already causing pain because they just don't know what will happen to their taxes. >> right now we're doing our
groups like heritage action and the ones that say we were sent here to covvern. i'm going to look at going forward. it looks like we are leading towards going over the fiscal cliff. but do republicans get involved ip the negotiating and try to give him some cover and maybe move forward. obviously, it is quite surprising to see this much of a divide with the house gop. luke did anything happen tonight to change the prospects of john boehner being speaker next year? >> because eric can tore was behind john boehner on this vote i'm leaning no. he has an element within his conference that would not be there in support of him if there is a viable alternative. if this was the final vote, we feel for the guy. but republicans, it is interesting, harry reid said this was a dance. they realize that too, there was no way forward for the bill. >> because eric can tore was behind john boehner on this vote i'm leaning no. he has an element within his conference that would not be there in support of him if there is a viable alternative. if this was the final vote, we feel for the guy. but republ
majority action and jared bernstein a senior fellow and an msnbc contributor. welcome to you both. jared, this plan b, it's not only an affront to what the president has been trying to do in terms of a balanced approach. it's also a colossal waste of time, isn't it? >> absolutely. i mean, i have been writing about this in terms of theatrics at a time when really nobody ought to be going to the theater. the fiscal cliff is way too close for this type of game playing and i just noted today that the gdp report for the third quarter got a little bit of a bump. it was marked up to 3.1%. we're actually making some progress on this economic recovery, but if we go over and stay over the cliff because of all this screwing around, forget about it. you're going to have that recovery go south very quickly. john boehner on monday looked like a guy who is willing to make a balanced compromise or at least consider one in the interest of the country. john boehner on wednesday looks like a guy who is looking out for his own skin over the benefit of the american people. >> ron, what's your view of the spe
of counsel section applies to similar actions commenced on or after the date of this legislation's enactment. why is that important? well, pause the america invents act created a new section that prevents use of evidence of an accused fringer's failure to obtain advice of counsel or his failure to wave -- waive privilege and introduce such opinion. to prove either willfulness or intent to induce infringement. this provision, however, failed to specify when the new authority would go into effect. and it makes another series of other technical clarifications to the act. in addition, we find that this bill is necessary and has made the necessary commonsense technical corrections including any substantive revision to the act. so it's my hope that the judiciary committee will continue its oversight of the act into the next congress and consider ways in which it can be further improved. i commend the chairman of the committee for his -- this bill forward and i urge my colleagues to pass this legislation and i reserve the balance of my time. the speaker pro tempore: the gentleman from michigan rese
action by the senate. >> the classic ping pong gridlock and no way out. >> it's important to know how far we have come in the last seven days. a week ago we were closer than we had seen before on a particular deal. john boehner made a big concession allowing tax cuts to rise on income over a million dollars. president obama countered with a big concession and saying that that should be $400,000 and have fixes to social security on costs of living adjustments on that. what ended up happening? john boehner retreated their plan b that mike viquiera was talking about that was unable to pass and now we are in the stalemate we are in now. we were closer than before. >> you touch on a good point. that's lost now in the media. we are going-over the cliff. last week they are $450 billion away from a deal. that's less than 1% of the federal spending over the next decade. in d.c. terms, 400 billion seems like a lot. that's a drop in the bucket in d.c. terms. it's amazing that small of a number killed a deal. >> if you are buying a house or a car and one person said look, i'm going at $1 billion. usu
would avert the entire fiscal cliff if enacted. those bills await action by the senate if the senate will not approve and send them to the president to be signed into law in their current form. they must be amended and returned to the house. the house will take this action on whatever the senate can pass, but the senate must first act. the house has passed bills that would never pass the senate. speaker boehner's position is a joke. senate majority leader harry reid responded, house republicans pushed middle class families closer to the blip by wasting an entire week with their incompetent plan b stunt no further legislation can move through the senate until republicans drop their knee jerk obstruction. the house is literally phoning it in, tomorrow's conference call will reportedly include the entire caucus, not just republican leadership, the irony is that if we go over the cliff, the president will get whatever he wants on texas, and there's been a growing acknowledgement of this by some house and senate republicans. here's senator johnny isaacsohn of georgia. >> if we get down to
, especially with democrats action but look, that's not only thing people are talking about, there are concerns monday senators about the stances on israel, for example. it's quite interesting, because usually snort, they obvious support their colleagues overwhelmingly like i expect we'll see with senator john kerry when he eventually gets a confirmation vote. that is not the case is chuck hagel. there's no benefit of giving him the doubt. in this says lindsey graham has front and center opposing rice, now hesitating on chuck hagel as well. >>> since you brought up kerry here, he has been nominated to succeed hillary clinton. so if he is confirmed, fawn action what will happen to his senate seat? >> i think that's what the republicans are eyeing that seat with a bit of hope. it's not entirely clear that scott brown will be returning, but certainly it's an option that perhaps for the republicans to have an additional seat in the senate, but there's no guarantee of that? >> i want to pay a bit of sound here from ben affleck. >> one never knows. i'm not one to get into conjecture. i do have a grea
. john harwood has the details. what's going on? >> not a whole lot of actions going on. although there have been some developments. let me bring our viewers up to date on those. first of all, treasury secretary geithner this afternoon announced the united states would hit the statutory debt limit on monday. that's new year's eve. that's part of an effort to pressure congress to act to raise the debt limit which may or may not be direct limb reply indicated in the fiscal cliff talks but it is relevant to the larger issue of debt and deficits. the treasury can move money around in certain ways to extend the point where we actually reach a crisis for probably a couple of months. but this is an early warning sign. secondly, republicans in the house sent word to democrats in the senate, white house, it is your turn now. we acted to put off the fiscal cliff several months ago with a bill that without objection tend all of those bush tax rates into the future and would turn off the sequester by switching defense cuts over to domestic programs. democrats, of course have no intention of d
. talk about that a little bit. we're only six days away. are you surprised by the lack of action here in washington on the fiscal cliff considering the dire implications for a lot of budgets in cities around america? >> actually, look, i am surprised. been around the block just a couple times. i've seen different things in the past, but this is very serious business, and apparently some members of congress just don't get it. the -- you can call it whatever you want to call it, but certainly fiscal is in front of it and it's not good. taxes going up for all americans, not a good thing. significant, possibly devastating budget cuts coming down to certainly state and local governments, not a good thing. and so this seemingly bad game of chicken, you know, this is not some schoolyard game here. this is about people's lives, it's about their livelihoods, it's about the future of cities, it's about programs that need the dollars to provide services that the citizens want and expect is lack of doing your job. and so congress, it seems to me, should be flying, literally, back into session to
. it is not the outcome that i wanted. that was the will of the house. unless the president and congress take action, tax rates will go up on every american taxpayer and devastating defense cuts will go into effect in ten days. the house has already passed bills addressing the fiscal cliff. passed a bill and replacing the president's sequester with responsible spending cuts and did it last may. we passed a bill to stop all the tax hikes on the american people scheduled to take effect january the 1st and we did that on august 1st. and we propose plans over and over again, the democrats used to support and now they won't. i don't want taxes to go up. republicans don't want taxes to go up. we only run the house. democrats continue to run washington. what the president has proposed so far simply won't do anything to solve our spending problem. he wants more spending and more tax hikes that will hurt our economy and he simply won't deal honestly with entitlement reform and the big issues facing our country. we need significant spending cuts and real tax reform to address our long-term debt problem and pave th
and the democratic line on medicare. tom perriello from the center of american progress action fund on how democrats can deal with republicans who can't deal with reality. rubio and ryan reload with a new message for the middle class. >> both parties tend to divide americans into our voters and their voters. >> but there is no escaping their own policies. >> we're going to a majority of takers versus makers in america. >> dnc chair debbie wasserman schultz responds tonight. plus, senator barbara boxer on her new plan for national polling place standards. and a new poll shows half of all republicans think the defunct group a.c.o.r.n. stole the election from president obama. >> that's an eye opener. >> i wonder where they ever got that idea? >> you just have to wait and see what happens. >>> good to have you with us tonight, folks. thanks for watching. here is are the latest. republicans are at a stalemate with the white house for debt negotiations. republicans really only have two options now, bad and worse. "the new york times" is the latest outlet to report on senior republican leaders who are read
aide, they felt it's up to the democrats to act now. so the christmas spirit has not softened actions. but what has softened? customer confidence. in the last week gallup found the drop in the likelihood congress will come to a deal. also holiday spending hit its lowest rate since the 2008 recession. while the president said before he left for hawaii that he said he hoped the holiday would give them a chance to cool off and reach an agreement, it appears republicans would prefer to stay home for the holidays. merry christmas, everybody. for more on this, joining us now from washington, we have contributor jared bernstein. also a senior fellow on budget and policy priorities. and a former economist for vice president joe biden. and of course nbc's luke russert. luke, i'm starting with you. we just got a statement from speaker boehner and the house leaders. and shock. they are putting it back on the senate. tell us about the statement and where it's going from here. >> it's a fascinating ping-pong match right now. but really with the senate, john boehner, eric cantor with mccarthy and m
came out to the national action network feeds the homeless and seniors and we stood together and said despite or differences, we agree on banning assault weapons, and we agree that there must be gun control, hoping to use that as a model, saying that there must be bipartisan agreement about gun control in washington. if we can get unlikely people to stand together, we can maybe lead to some sane gun policies in this country. >> certainly you're no stranger to end the fight to gun violence, but when we talk about what you're trying to do next month, what are your hopes there? >> my hopes are to raise with the teachers, randy weingarten of the federation of teachers, all talking about how we raise the point when mr. lapierre and the nra had the opportunity to say let us deal with some sane gun policies, let's talk about how people don't need a magazine with 100 rounds in it, that's notself defense, that's not hunting. and how we can back up -- yes, people have a right to protect their family, but you don't need all of this to protect your family. he did the opposite. he said let's put a
, and for our entire economy. but the hour for immediate action is here. it is now. >> senate leaders harry reid and mitch mcconnell were back at the capitol in no time. mcconnell gathered his members to inform them of the work that needs to be done. >> we had a good meeting down at the white house. we are engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward, as early as sunday, and have a recommendation, that i can make to my conference and the majority leader can make to his conference, so we'll be working hard to try to see if we can get there in the next 24 hours. so i'm hopeful and optimistic. >> i'm going to do everything that i can. i'm confident senator mcconnell will do the same. but everybody, this is -- whatever we come up with is going to be imperfect and some people aren't going to like it. some people will like it less, but that's where we are. and i feel confident that we have an obligation to do the best we can and that was made very clear in the white house. and we're going to do the best we can for the caucuses that w
by the speakers ponied, procedural excuses. they are part of excuses. they expect action. i say to the speaker, this is not a game, it is not scoring political points of putting wins on the board, there will be very serious consequences for many of families if congress fails to compromise. it is time for the speaker to return to the negotiation table ready to compromise. it is time for the house, especially house republicans to remember what is at stake. i repeat. further $50,000 program would pass overwhelmingly in the house. it is up to the speaker to let that occur. melissa: that was harry reid speaking on the floor. he was criticizing speaker boehner. we are waiting for senate authority leader mitch mcconnell to take to the podium and ressond to that. he is up at the podium. we will listen. >> here with the leaders of the democratic party, here in the senate, other than the president, these are the folks with the greatest responsibility for protecting the american people from the tax hike in america. what do they do, they stand in front of the cameras and laugh. they giggled at a bunch of
health treatment or swift enforcement action, whatever is needed. a single and simple policy response from washington cannot fix this. we all want to have a more caring and supportive society but the fragmentation of family, civic and our nation's community life lends itself to isolation, anger and for some even despair. now let's be clear, this tragedy is the result of a deeply disturbed person who committed unspeakable crimes. that is where the blame rests. but perhaps, madam speaker, but perhaps an outcome deserving of these children who died is that we all take some responsibility for the degradation of culture, what we think about, the way we conduct ourselves and perhaps strive for that which is noble, that which is good and that which is just. madam speaker, i yield back. the speaker pro tempore: the gentleman yields. under the speaker's announced policy of january 5, 2011, the gentleman from maryland, mr. bartlett, is recognized for 32 minutes as the designee of the majority leader. mr. bartlett: thank you, madam speaker. i would like to echo the concerns of my colleague. we a
the high-stakes weekend scramble friday night, imploring congressional leaders to take action immediately. >> the american people are not going to have any patience for a politically self-inflicted wound to our economy. >> reporter: with that harry reid and mitch mcconnell launched a last-ditch effort to craft a bipartisan plan to that would at the very least, protect most people from a big tax hike going into effect on new year's day. the senators and their staffs negotiated all day saturday. saturday night republican leader mcconnell made his offer. by this morning, a clear sense of optimism and warnings that failure would be unthinkable. >> there are certainly no breakthroughs yet, but there's a real possibility of a deal. >> if we are not able to reach an agreement, it will be dire. >> reporter: but the morning's optimism turned into the afternoon's pessimism. the senate opened for business at 1:00 p.m. with the ominous prayer from the chaplain. >> look with favor on our nation and save us from self-inflicted wounds. >> reporter: soon democratic leader reed acknowledged he had not bee
and this is the kind of action that we want to support. >> dick's sporting goods took these weapons off their shelves. the gun industry has sat back and watched video games be blamed. they market product placement to sell more guns. >> karen, you are still doing martin this week right? >> you are are filling in? karen, is she still miked? >> yes, i am. got one more day. >> you think you are going to have big news to report tomorrow? >> somehow i don't think so. karen let me explain something to you. you want to say yes. there will be huge news. >> i'm going to be watching you for huge news about what happens in the white house tomorrow. >> coming up, there will be my prediction of who will win the senate seat in massachusetts. i am ready to pick a whipper in that race. tweet me your guess s. you can tweet your guess s about who will win the race. the guys in the vatican, don't want other guys to be married. if they are gay. [ male announce] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to cr
. not knowing what to do, they do nothing, but the people who do something, the people who take action, are far more likely to get the most positive outcome. making home affordable is a free government program. call now to talk one on one with a housing expert about the options that are right for you. real help, real answers right now. gerri: president obama calling on congress to act to avoid the fiscal cliff. the president said he is optimistic. modestly optimistic, that is, that a deal can be done. here is the president. >> i still want to get thi done. it's the right thing to do for our families and our businesses and for our entire economy. but for iediate action comedy hour is here. it is now. we are now at the point where in just four days, every american's tax rates are scheduled to go up by law. every american paycheck will get considerably smaller. that would be the wrong thing to do. gerri: no kidding. we have been telling you that for weeks. democrats and republicans alike should rename their parties the procrastination party. that is because like a lot of college freshman, they lef
action comedy hour is here. it is now. we are now at the point where in just four days, every american's tax rates are scheduled to go up by law. every american paycheck will get considerably smaller. that would be the wrong thing to do. gerri: no kidding. we have been telling you that for weeks. democrats and republicans alike should rename their parties the procrastination party. that is because like a lot of college freshman, ey left their work until the last minute. including the 800 billion-dollar fiscal cliff that we have been talking about. a hundred billion dollars it hasn't happened yet. it's not like the deadline comes as a surprise to anybody at l, the least of all coness. they were the ones who extended the bush taxcuts. originally passed back in 20,122,010 and 2012. for two years now, they have known the issue is looming and they chose to do nothing about it at all. but that is not the onl thing that this lame-duck congress has to do for the end of the year. the farm bill passed last summer to help farmers hit by the drought has to be extended. into the next year, it must
meaningful action and all but guarantee the next atrocity is only a news cycle away. the media calls semiautomatic firearms machine guns. they claim these civilian semiautomatic firearms are used by the military. they tell us that the 223 surround one of the most powerful rifle calibers when all of these claims are factly untrue. they don't know what they are talking about. worse they pert wait the dangerous notion that one more gun ban or one more law imposed on pieceful lawful people will protect us where 20,000 other laws have failed. as brave and heroic and as self-sacrificing as those teachers were in those class rooms and as prompt and professional and well-trained as those police were when they responded, they were unable, through no fault of their own, unable to stop it. as parents, we do everything we can to keep our children safe. it's now time for us to assume responsibility for our schools. the only way, the only way to stop a monster from killing our kids is to be personally involved and invested in a plan of absolute protection. the only thing that stops a bad guy with
in the work earlier in the week that the company hired a merchandising ex action from below. >>> up next, find out who the winners and losers are. and then, in case you missed my interview with democratic senator ben carden yesterday, what are you going to give on, senator? to get this done? >> well, we want to balance the pros. >> we know you -- everybody is saying that over and over again. why don't you explain to our audience what that means, sir. >> first, we've agreed to $1 trillion of domestic spending cuts. that's already been done. >> that's done. we're talking about the here and now, not what's done. >> he wouldn't tell us how he plans to get a deal done. coming up, we will hear from the other side of the aisle. hopefully representative mulvaney will rise above. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any comput
message to washington. would that be enough to jolt lawmakers into action? >> and as the year winds to a close, the head of aetna is back with us winding up for higher taxes in 2013 thanks to obama care. wait until you hear how high he thinks they could go. you're watching cnbc, first in business worldwide. stamps.com is the best. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i have exactly the amount of postage i need, the instant i need it. can you print only stamps? no... first class. priority mail. certified. international. and the mail man picks it up. i don't leave the shop anymore. [ male announcer ] get a 4 week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. >>> well, we're getting numbers in. turns out retailers saw the weakest holiday season since 2008 hurt by bad weather and more uncertainty about the rising tax increases that could come next year. we're wondering if
should not have to wait and see is some sort of action so if we don't see an agreement between the two leaders in the senate, i expect a bill to go on the floor. and i've asked senator reid to do this, put a bill on the floor that makes sure that taxes on middle-class families don't go up. that unemployment insurance is still available for 2 million people, and that lays the groundwork then for additional deficit reduction and economic growth steps that we can take in the new year. >> all of this still developing. and we will have more on all of it with mark shields and david brooks later in the program. >> also ahead >> warner: also ahead, between now and then; protesting a gang rape in india; mass producing high quality education and remembering general norman schwarzkopf. but first, the other news of the day. here's kwame holman. >> holman: the u.s. economy has dodged a potentially crippling strike at ports up and down the east coast and gulf coast at least, for now. the longshoremen's union agreed today to extend its existing contract by another month. that word came after the unio
in every single school in this nation. this is the time, this is the day for decisive action. >> this is the beginning of a serious conversation. we won't be taking questions today. >>> the friday before christmas and it is a busy day in washington, d.c. the president just made his announcement that senator john kerry of massachusetts is his choice to succeed hillary clinton as secretary of state. but his business yea day started with a moment of silence to remember the victims at sandy hook elementary school in newtown, connecticut. from wall street to main street, millions of americans stopped to remember the 20 children whose precious lives were so senselessly cut short in a high-tech hail of bullets. [ bell tolling ] they stopped to remember the children, chase, charlotte, daniel and caroline among them who won't be celebrating christmas next week or ever again. their loss and the painful thought of the lives that might have been have rekindled a call to action against guns that politicians in both parties have muzzled for 20 years. and as americans mourned and strengthen
and for our entire economy. but the hour for immediate action is here. it is now. >> the president correctly says the time for immediate action is now. apparently not his immediate action, though, with the nation facing a crippling fiscal cliff in just three days, the president calls congressional leaders together and says, you fix it. no, he doesn't offer any new plan from the white house, no compromise. instead the president tells the senate to come up with a deal and the same senate that hasn't passed a budget in years. and the marks don't like it at all, 158 points now tanking and falling further in the after market and we'll have to see how asia opens on monday. it could be ugly. the headlines are falling fast and furious. we're all over it "the kudlow report" starts right now. >>> welcome. i'm michelle caruso-cabrera in for larry kudlow. a lot happened in just the last couple of hours. >> michelle, there's considerably more optimism after the white house meeting between the president and the four bipartisan leaders than there was earlier in the day. mitch mcconnell and harry reid say t
at capitol hill. there's a lot of finger pointing but not a whole lot of action. >> all right, eamon. thanks so much. >> you bet. >>> as negotiations continue on washington, that is a bit of an overstatement, check wall street, the fear index is spiking as the markets drop. we're back above 20 for the first time in fact in five months. up 14% in the past week. let's get trading action here at the nysc. mary thompson joins us on the floor. this is a vulnerable point for the markets. traders have been saying they're going to make a lot of noise and it will get made up. >> suddenly it isn't. so we're having a bit of a reality check. the dow, the s&p and the nasdaq all negative. it's the lowest now of the month. the vix is spiking. moving above the 20 level for the first time in five months. we want to point out the last time we had this angst over what was happening in washington was in august of 2011 when we had the debt crisis and the subsequent downgrade. at that point the vix was well above where it is, more than twice where it is. so while the fear index is high, up 31% in the last session
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